WWE Hall of Famer Eric Bischoff recently spoke with Shakiel Mahjouri of SHAK Wrestling and talked about hitting “rock bottom” a few years back.
“About 2015, the wheels started getting a little wobbly on the TV business,” Bischoff recalled. “All of a sudden our TV business started going, ‘Woah!’ Margins started crashing. It became more and more difficult to sell TV. My partner and I realized this is not it anymore. We can’t do this any longer. We both decided to get out. The wheels went from wobbling to falling off. I pretty much — I don’t want to say I hit rock bottom, that would be too big. But I was bouncing. I bounced off the bottom a few times. We’re getting close financially.”
Bischoff continued and talked about potentially facing bankruptcy due to investments not working out.
“All of a sudden I’m 60 years old and I’m considering having to file for bankruptcy because of a couple of big investments I made that just didn’t work out,” he recalled. “I risked my own money. I had a lot of it and I risked it and it didn’t work out. I’m thinking, ‘I’m 60 years old. Most of my friends are retiring. It was tough. I just went through this period I had to pull myself out of this because I was pretty negative. Kind of tough to reinvent yourself when you’re 62 years old and you spent 30 years in a wrestling business. Not a skillset you can take down the road too easily…”
For those who missed it, you can click here for Bischoff’s earlier comments on how AEW is nowhere near competition to WWE, and you can click here for his comments on Triple H leading WWE and Tony Khan being a dirt sheet booker, or you can click here
for Bischoff’s comments on possibly returning to WWE and throwing in the towel with AEW.Stay tuned to WrestlingHeadlines.com for more. Below is SHAK’s full interview with Bischoff:
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